S&P puts AAA-rating on “negative watch”

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By Leith van Onselen

And so it begins, via The ABC:

Standard & Poor’s has lowered Australia’s credit rating outlook from stable to negative, in a warning that the AAA rating is under imminent threat.

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.